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UPDATE: JP Morgan Maintains Coinstar at Neutral on Redbox Instant Thoughts

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Earnings Scheduled For October 16, 2017
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JP Morgan maintained its Neutral rating on Coinstar (NASDAQ: CSTR) with a reiterated $52 price target.

JP Morgan noted, "We recently spoke with Galen Smith, VP of Finance at Redbox, who provided color regarding the Redbox Instant initiative. We are incrementally constructive regarding the JV's prospects, though we do not expect it to be a material contributor to 2013 EPS. No changes to estimates. Maintain Neutral."

Coinstar closed at $50.79 on Wednesday.

Latest Ratings for CSTR

DateFirmActionFromTo
Oct 2017Compass PointDowngradesNeutralSell
Aug 2017Sandler O'NeillDowngradesBuyHold
Oct 2016Compass PointDowngradesBuyNeutral

View More Analyst Ratings for CSTR
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Posted-In: JP MorganAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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